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23-year-old Arnold Robert Halo addressed his final words to the phone with his hand. “I hope you all turn this into memo coins when I die,” he said. Then Halo took his life.
Halo passed away on February 21 at a family home in Madera County, California. His suicide was broadcast live to his followers on X, where he went on Handle @mistafuccyou. Footage of Halo’s death was subsequently removed from the platform, but the incident was briefly listed within it [トレンド]tab.
A few hours after Halo’s death, people I’ve created dozens of memokine– The type of highly volatile crypto coin used as a vector for financial speculation has been modeled after him. Feeling the opportunity for profit, the traders especially piled up on one of the coins, Promote that value Up to $2.1 million. (The coin then lost 96% of its value.)
In X, some tried Make a claim Anyone behind Mistafuccyou Coin properly recognized Haro’s final wish. However, most people denounced the impulse among traders to try to make money by his death. “If you’re trading this, you’re sick AF.” I wrote it 1 user.
Speculation was ramping with X, but Halo ended his life after losing money to Memecoin’s Ragpal. Someone creates a new coin, promotes it online, then sells his own holdings all at once, and then lowers other people’s shares. Wired was unable to confirm whether this happened to Haro, but his friends disputed the story. “It had nothing to do with cryptography…it’s not what all of these cryptography nerds seem to think,” one of Halo’s friends who walked through J Nova on social media told Wired. Meanwhile, Halo’s family describes his death as a result of “a battle with depression.”
The incident reduces competition to the bottom of Memecoin Trading Surcle. There, only the most heinous and morally bankrupt ideas are attracting attention, says Azeem Khan, co-founder of the Crypto VC company’s Morph blockchain and venture partners.
“We’ve reached the point where Kanye is about to launch Swastika coins,” says Khan. Currently derated X posts It was created by an account related to artist Kanye West. “That’s how terrible this space is.”
Until last year, launching Memecoin was relatively expensive and technically burdensome, so it rarely went to the market. Original Memo Coin – and only a handful of godecoin Derivatives There was some kind of longevity.
The equation was reversed with the arrival of pupp.fun. This is a platform that no one can easily launch Memo Coin. Since Pump.Fun was launched in January 2024, millions of memokines have flooded the market, among them among the coins modeled after Halo.
